Indianapolis Times, Indianapolis, Marion County, 19 May 1949 — Page 8

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$1 Billion CI

Bell Telephone Still Leader

In Resources By T. W, KIENLEN

Coprright, 1849, By The United

billion dollar club in 1948,

disclosed today.

any business enterprize wh assets cross the billionlevel.

for the American Power &

for the Bell System.

companies aggregated $12 911,544, compared with $12

panies a year earlier. Bell Still Biggest

welfare, if they could be dated at full value the mon

tional debt, which is $251 lion. § The Bell System in 1948 the communications gian

Metropolitan Life Insuranc

125,145,007. Ford Back In

year in American history, were only 32, Tlie half-dozen additions

- elub roster in 1948 includ companies whose assets 1

Corp., Standard Oil of Cali

~—and two which had been list during the war but d

Corp. in the listings. :

1947, while U, 8,

of nearly: $400 million.

* § Companies In "48 Enter

United Press Finaneial Writer

Assets of the 1948 membership range between barely a billion

was the nation’s biggest business enterprise, its assets rising $1, 228,305,736 last year to an all-| time peak of $10,000,683,026 as

dened to more than $650 million its lead over the second-place

Assets of the Metropolitan Life at the close of 1948 totaled $9-

were 20 years ago only 20 companies with assets of $1 billion or more and by the time of Pearl Harbor—Dec. 7, 1941—there still

the - billion-dollar level for=the first time last year--Gulf Oil

Commonwealth Edison Co. and the American Power & Light Co.

out in 1945 namely the Ford Motor Co. and the Bethlehem Steel

Biggest industrial concern in the nation last year was Standard p Oil (N. J.), with assets of $3,526,043.348 that kept it in ninth place

bring-

its total membership to 56, the pepper, Patricia Brounzel, Nor-| annual survey of the United Press een Commons, Ernestine Stan-| field, Bernadette Huser, Patricia! Membership in this mythical Davidson, Thelma Porter, Sheila club is conferred automatically on| Shelton, Barbara Rickey, Shirley| en its| Woerdeman dollar | Coomes,

9,2 2,1

ict |

AB bil

{ again |

t wi

e Co. |

Although even today 1929 often is referred to as the biggest boom!

Show Scheduled By Academy

A show titled “Sugar n’ Spice” will be presented at 2 p. m. to-| morrow and 2:30 p. m. Sunaay| i

Mary's Academy for students in!

uh {local Catholic high schools. {

Miss Eleanor ,Boersig is stu-! {dent director. Assisting her are! {Misses ane Frances Davis, Helen, {Lieland, Therese McCarthy, Kath-| jerine Holderith, Juanice Kiser, {Juana Phelps and Evelyn Thomp-| | 8014. Girls taking part in the pro-| Press (gram include Shirley Doyle, Ber-| NEW YORK, May 19 — 8ix nadette Riell, Joan Wright, Anna! American corporations joined the| Marte Dowling, Regina Clark, Marianna Eisenhut, Mary Jo Cul-|

‘Navy Puts Escalators

Light On Its Carriers

Corp., to more than $10 billion | JERSEY CITY, N. J. May 19—| Reflecting the continued expan-|Jét pilots on Navy carrier ves-| Phin last 8 of the E Sxpal [sels will soon be able to reach the economy, the assets of the 58/flight deck from below in the 48,- best of “take-off” condition, in R1,./8pite of their 40-pound equipment 715.932 held by the same com-| Pack, with the installation of {rapid moving stairways, | Westinghouse Elevator Division

here revealed that ‘it is bulldi Demonstrating the importance the ng

of these concerns to the national yy .0 of the naval floating air-

ey ob- craft base a

tained would pay off more than| 51 per cent of the present na-|

i ! {

the Dramatic Clubs of St.

and Carol Lee]

By Bgience Service

installations for at least

Cuplets for making cup cakes delights all kinds of cooks, Convenient for the expert— just add an egg and milk. Sure results for brides because precision-blended.

CUPLETS

CUP CAKE MIX, |

there |

t i

i | {

to the

| Newspaper Man Has

| } { |

e four eached

| 3 fornia,

in the ropped

|. at the end of 1947, rose to 12th] ALVERT RESERVE Blended W place on Dec, 31, 1948, on a rise! Catone oo

| |

Switched to Calvert

CHICAGO, ILL.—Roy Topper, icago newspaper columnist, says, General Motors Corp, on a rise "I don’t mind letting my readers know of nearly $500 million in assets, that for a smoother drink, I'll pick

moved to 10th place from 11th in| Calvert every time.”

| | | |

HE RT

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rT SAM EC OH HE RE SR ITT RA EA

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THE INDIANAPOLIS TIMES

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. THURSDAY, MAY 19, 1949

NE RG

{ |

Ses N

Plans ¢ War D

General M co-ordinating monies hono: war dead, 1 evening in". “War Memori: Secretary | nounced that be the last sent plans fc ing the coun She also' a for services ft month, = Servie = Sunday, a ~at the Meri Fall Creek t same day, BE flags on gri Cemetery. _ = Thursday, -Fr. Joseph speak at the ican Legion Rev. Ernest a service in’ Tenth Air ducted by We E. Greer, wil at Monumen Hill Monday,

(BE

Cleveland

Widow I

NEW YOF Mrs. Grace widow of in H. Dodge, di home. She inherit Jrom the est who was vi elps-Dodge 1926. Surviving twin sons, 1 27 great-gra

PLAYWRIG! NEW YOF Playwright ( 59, announc would marry een MacGrat Bucks Count peared in *¢ which closed